Political Nutz

Observations on the pathetic state of American politics

S&P Warns U.S. about Deficit

Who are these nit wits at Standard & Poors anyway?  These are the same guys who rated all those worthless mortgage-backed securities as essentially risk-free and thus help bring about the Great Recession of 2008These people ought to be in prison instead of telling Congress how to manage the nation’s debt. 

One thing is certain….  no matter what happens with the deficit, the managers at S&P and the Wall Street investment bankers will pocket huge bonuses–paid for by the rest of us.

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